Ira D. Kharasch

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Ira D. Kharasch: Attorney with Pachulski Stang Ziehl & Jones LLP
Attorney Awards
  • Martindale-Hubbell Peer AV Preeminent Rating
About Attorney Awards

Biography

Ira Kharasch, resident in the firm’s Los Angeles office, has significant experience as lead counsel representing debtors, creditors’ committees, and other constituencies in chapter 11 corporate reorganizations and out-of-court workouts, and has a proven track record of confirming both creditor and debtor chapter 11 plans of reorganization. He has also been a longstanding member of the firm’s management committee.

Ira holds an AV Preeminent Peer Rating, Martindale-Hubbell‘s highest recognition for ethical standards and legal ability, and has been named a “Super Lawyer” in the field of Bankruptcy and Creditor/Debtor Rights in a peer survey conducted by Law & Politics and the publisher of Los Angeles Magazine. He is also perennially recognized by Best Lawyers in America for Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law. Ira is a graduate of the University of Illinois and received his J.D. from UCLA.

Clerkships

•Judicial law clerk, Chief Justice Edmond Burke (Alaska)

News

PSZJ Continues to Rank Among Leading Law Firms in Prestigious Chambers USA Guide

Chambers USAJune 5, 2025

PSZJ Named in 2024 TMA Chicago/Midwest Turnaround/Transaction of the Year Awards

December 20, 2024

PSZJ Attorneys Named in 2025 Edition of Best Lawyers in America and Best Lawyers: Ones to Watch

August 15, 2024

PSZJ Continues to Rank Among Leading Law Firms in Prestigious Chambers Guides Chambers Global, Chambers USA

June 4, 2024

Nineteen PSZJ Attorneys Named to 2024 Southern California “Super Lawyers” List

January 10, 2024

PSZJ Attorneys Named in 2024 Edition of Best Lawyers in America

August 17, 2023

PSZJ Continues to Rank Among Leading Law Firms in Prestigious Chambers Guides

Chambers Global, Chambers USAJune 1, 2023

Eighteen PSZJ Attorneys Named to 2023 Southern California’s “Super Lawyers” List

January 1, 2023

PSZJ Attorneys Named in 2023 Edition of Best Lawyers in America

August 18, 2022

PSZJ Continues to Rank Among Leading Law Firms in Prestigious Chambers Guides

Chambers USA, Chambers GlobalJune 1, 2022

Seventeen PSZJ Attorneys Named to 2022 Southern California’s “Super Lawyers” List

January 20, 2022

PSZJ Attorneys Named in 2022 Edition of Best Lawyers in America

August 19, 2021

Prestigious Chambers Guides Again Rank PSZJ Among Leading Law Firms

April 25, 2019

Nineteen PSZJ Attorneys Named 2021 Southern California “Super Lawyers”

January 1, 2021

PSZJ Attorneys Named in 2021 Edition of Best Lawyers in America

August 20, 2020

Twenty-One PSZJ Attorneys Named 2020 Southern California “Super Lawyers”

January 15, 2020

PSZJ Attorneys Named in Best Lawyers in America

August 15, 2019

Prestigious Chambers Guides Again Rank PSZJ Among Leading Law Firms

April 23, 2020

Twenty-One PSZJ Attorneys Named 2019 Southern California “Super Lawyers”

January 30, 2019

PSZJ Attorneys Named in Best Lawyers in America

August 15, 2018

Prestigious Chambers Guides Again Rank PSZJ Among Leading Law Firms

May 20, 2021

Twenty PSZJ Attorneys Named 2018 Southern California “Super Lawyers”

January 31, 2018

Thirty-Five PSZJ Attorneys Named Best Lawyers in America

August 15, 2017

Prestigious Chambers Guides Again Rank PSZJ Among the Best Law Firms

June 8, 2017

Eighteen PSZJ Attorneys Named 2017 Southern California “Super Lawyers”

January 25, 2017

Nineteen PSZJ Attorneys Named Best Lawyers in America

August 1, 2016

Seventeen PSZJ Attorneys Named Best Lawyers in America

August 17, 2015

Thirteen PSZJ Attorneys Selected as Southern California Super Lawyers

Los Angeles magazineFebruary 1, 2015

Ten Southern California Super Lawyers at Pachulski Stang

Los Angeles magazineFebruary 1, 2014

Eight Southern California Super Lawyers at Pachulski

Los Angeles MagazineMarch 1, 2008

See more ›

Areas of Practice (3)

  • Bankruptcy
  • Energy
  • Subprime Mortgages

Education & Credentials

University Attended:
University of Illinois, B.A., cum laude, 1977
Law School Attended:
University of California School of Law, Los Angeles, J.D., 1982 Phi Beta Kappa
Year of First Admission:
1983
Admission:
1983, California; 1983, Alaska; 2011, New York
Birth Information:
Chicago, Illinois, May 14, 1955
Reported Cases:
Representations: Forbes Energy Services: Represented Forbes Energy Services, an independent oilfield services contractor located in Texas with over $330 million of debt. Prior to the chapter 11 filing in Houston, the firm negotiated a restructuring with the bondholders where all their debt was converted to new equity, as well as providing new employment and management incentive contracts for management. A prepackaged plan was confirmed.; Pacific Energy Resources: Representing Pacific Energy Resources, an independent energy company that develops and produces oil and gas at its Alaska and California offshore drilling facilities. Pacific Energy had over $500 million in debt and generated over $200 million in revenue at the time of its chapter 11 filing. Pacific Energy's common stock traded on the Toronto Stock Exchange causing it to file a CCAA reorganization proceeding in Vancouver to enforce certain US bankruptcy court orders. The company successfully sold its operations and confirmed a plan, and Mr. Kharasch continues to represent the company as a going concern.; Plainwell: Successfully managed the sale, resolved and restructured billions in claims (including $3.2 billion of Superfund claims), and confirmed the reorganization plan as principal bankruptcy counsel for this leading U.S. paper producer.; Telogy: Successfully reorganized Telogy, Inc., a Silicon Valley-based, high-tech distribution company that had approximately $100 million in revenue.; OwnIt Mortgage Solutions: Represented OwnIt Mortgage Solutions, a Southern California-based subprime mortgage company, in its chapter 11 case. OwnIt originated approximately $8.3 billion in subprime mortgage loans in 2005, filed for bankruptcy in late 2006 and successfully confirmed its plan of reorganization.; Specialty Trust: Represented Specialty Trust, a Reno-based Real Estate Investment Trust (REIT), in its chapter 11 case. Specialty Trust managed $203 million in mostly short-term mortgage loans to residential developers and confirmed its plan within 16 months.
ISLN:
905902928

Peer Reviews

5.0/5.0
Peer reviews submitted prior to 2008 are not displayed.
Martindale-Hubbell® AV Preeminent Rating Badge
Peer reviews submitted prior to 2008 are not displayed.

Client Reviews Write a Review

Location

Contact Ira D. Kharasch

Contact Information:

424-281-0553  Phone

www.pszjlaw.com

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